Tuesday, Aug 26, 11:02 GMT
U.S. Trading Newsletter
Forex Blogs
Recommended Readings
The Advisor Blog: Majors for today by Valeria Bednarik
The Eur/Usd has reached a fresh minimum at 1.4596, where the rally was halted for now: under that minimum next support will be at 1.4559, followed by 1.4512, tops for today, and an interesting congestion zone that should offer a more important bullish rebound.
FX Market Readings: Downward dips... by Dr. S. Sivaraman
Chartology: Swing Short Set Up on the USD/JPY by Raghee Horner
Live Sessions Schedule
Dan Blystone's Weekly Briefing
Expert: Dan Blystone
Start: Tue, Aug 26, 12:30 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Aug 26, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Aug 26, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Aug 26, 12:30 GMT | Dan Blystone's Weekly Briefing | Dan Blystone | WBN |  |
| Tue, Aug 26, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Aug 26, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe − U.S.
USD/CAD
Daily FX Report − The CAD slipped against the USD on Monday by Varengold Wertpapierhandelsbank AG
The CAD slipped against the USD on Monday, as equity markets tumbled on credit market fears, lessening the appeal of North American assets and the demand for CAD to buy them. In response to the falling stock markets, investors bought safe haven government debt. The CAD closed at 1.0509 against the USD and was down from 1.0486 where the market closed on Friday. Because of the thin volume in USD/CAD, the market stayed in a tight range between 1.0440 and 1.0515, also because of a holiday in Britain, which tends to amplify moves.
- Gbp/Usd and Usd/Jpy for today by Valeria Bednarik, Analyst at MolFX − Management
- Forex Swing Trading, Low Risk / High Reward Trading In The Largest by Sam Seiden, Stocks, Futures, Forex and Options Trader Online Trading Academy
- Institutional Trading Strategies by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Daily Trading Forecast − Dollar Boasts More Strength by Swiss e Trade AG
Strategy Report
Daily Forex News − Forex − Investors unwinding risks on lower US financial stocks by ACM − Advanced Currency Markets
Weekly Report
Weekly Technical Strategist − EURUSD: Sees First Week Of Recovery, Targets The 1.4967/51 Levels by FXTechstrategy
Currency Performance Report
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Continues to move down below third support level 1.4590
08/26/2008 10:06 GMT - GBP/USD
- Continues to move down towards second support level 1.8323
08/26/2008 10:06 GMT - USD/CHF
- Continues to move up above second resistant level 1.1077
08/26/2008 10:06 GMT - USD/JPY
- Continues to move up towards first resistant level 110.05
08/26/2008 10:07 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Aug 26 | 14:00 | Consumer Confidence | 53.0 | 51.9 |
HIGHLIGHTS Outlook of US economic indicators to be released in the coming week (Thomson Financial News)
The Conference Board's measure of consumer confidence in August is expected to increase to 53.0 from 51.9 in the previous month. "Most notably, lower oil/gasoline prices are a plus, while the further rise in the unemployment is a minus for this labor−sensitive report," said economists from Credit Suisse.
[ Full Story ]Top Market Movers Review
UK BBA MORTGAGE APPROVALS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 26 | 08:30 | BBA Mortgage Approvals | 22.400 | - | 21.118 |
UPDATE: UK Net Mortgage Lending, Approvals Remain Weak−BBA (Dow Jones)
U.K. net mortgage lending and approvals for home loans were stable at a low level in July as the credit crunch and economic uncertainty continued to weigh on the housing market, data from the British Bankers' Association showed Tuesday.
[ Full Story ]- Read the Mortgage Approvals data at BBA
- UPDATE 1−UK mortgage approvals hold near record low in July (Thomson Financial News)
- DATA SNAP: UK Net Mtge Lending, Approvals Steady In July−BBA (Dow Jones)
- UK mortgage approvals hold near record low in July−BBA (Thomson Financial News)
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 26 | 08:00 | IFO − Business Climate | 94.8 | 97.2 | 97.5 |
| Aug 26 | 08:00 | IFO − Expectations | 87.0 | 90.3 | 90.0 |
DATA SNAP: German Ifo Business Climate Plummets In August (Dow Jones)
German business confidence plummeted in August, hitting its lowest level in three years, despite lower oil prices and a weaker euro, a survey from the German Ifo Institute showed Tuesday.
[ Full Story ]- Read the Confidence data at IFO
- UPDATE: Ifo's Carstensen: No Real, Deep German Recession (Dow Jones)
- 3rd UPDATE: German Ifo Business Climate Plummets In August (Dow Jones)
- Ifo's Carstensen: No Real, Deep Recession To Fear In Germany (Dow Jones)
Daily Forex Technical Report − EUR/USD Decline Resumes after Ifo Disappointment by ActionForex.com
EMU economic indicators - German ifo business climate (August): stabilized by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 26 | 08:00 | DE | IFO − Business Climate (Aug) | 94.8 | 97.2 | 97.5 |
| 08:00 | DE | IFO − Expectations (Aug) | 87.0 | 90.3 | 90.0 | |
| 08:00 | CH | UBS Consumption Indicator (Jul) | 1.848 | 2.250 | ||
| 08:30 | UK | BBA Mortgage Approvals (Jul) | 22.400 | 21.118 | ||
| 11:02 | UK | Nationwide Housing Prices n.s.a (YoY) (Aug) | -9.6% | -8.1% | ||
| 11:02 | UK | Nationwide Housing Prices s.a (MoM) (Aug) | -1.3% | -1.7% | ||
| 13:00 | US | S&P/Case−Shiller Home Price Indices (Jul) | -16.2% | -15.8% | ||
| 14:00 | US | Consumer Confidence (Aug) | 53.0 | 51.9 | ||
| 14:00 | US | Housing Price Index (MoM) (Jun) | -0.4 | -0.3 | ||
| 14:00 | US | New Home Sales (Jul) | 525K | 530K | ||